Stocks discussed on Cramer's Mad Money TV program, Tuesday April 11th. Click on a stock ticker for more analysis:
Openwave Systems (OPWV): Cramer believes this is the company that will make 'digital covergence' happen -- one device for cellular phone, music, PDA, etc. -- as Openwave makes a leading browser to enable the advanced applications. CEO David Peterschmidt has a great track record (Inktomi); multimedia handsets will grow 12% in next three years; Openwave recently bought Musiwave, a smart move. Fundamentals and valuation are another strong draw.
Given the market's recent slump, Cramer believes it's important to 'find stuff that doesn't move with the averages'. Aerospace fits the bill. Cramer noted that while Boeing Company (NYSE:BA) has risen sharply recently, aircraft parts producer TransDigm Group Incorporated (NYSE:TDG) has barely moved. TransDigm, which made an IPO about a month ago, presents a compelling opportunity according to Cramer, who believes this sector's strength will soon apply itself to the stock. Boeing and the other large contractors will increase buying from TransDigm.
Avanir Pharmaceuticals (NASDAQ:AVNR), which recently jumped to the Nasdaq from AMEX, received bullish comments from Cramer, who believes the company's friends in Washington could help yield favorable news from the FDA on its drug Neurodex, which treats the pseudobulbar affect [PBA], a condition that afflicts those with Lou Gehrig's Disease and MS. The FDA has already given Neurodex fast track status; potential sales if the drug is approved could reach $150 million. The company is working on potentially lucrative partnerships with Novartis AG (NYSE:NVS) and AstraZeneca Plc (NYSE:AZN).
Digital Insight (OTC:DGIN): CEO interview. Internet banking sector. DGIN has a great-looking balance sheet, with plenty of cash and no debt. CEO explained the company's buyback program. Cramer said he plans to wait on this one until after the insider selling subsides.
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